How do I transfer the freehold of a property that includes a leasehold flat?
2 years ago | 9 comments
Leasehold house query?
9:26 AM, 16th May 2024, 2 years ago
4
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Hello, As the title of this thread suggests, I have a leasehold query. My query is my uncle has a leasehold house with around 800 years left and with no conditions attached to the lease so all fine and dandy that end (the lease states merely £2 plus insurance rent (whatever that means) only.
The little ground rent has never been asked for either in all these years.
It also been owned almost 30 years now. It seems unbeknownst to my uncle, however, a full 13 years after him owning the house, someone became the freeholder and (at least then) lived 60 miles away.
The curious thing is if you ‘inherit’ properties, the price paid feature (implemented since 1995) does not happen – in this case it states that the said person paid a couple of hundred pounds.
He thinks it was an absentee landlord leasehold when bought, at any rate that freeholder has never been in touch, let alone asked for the ground rent he says.
So he and I are just scratching our heads as to what has happened.
Has anyone got an explanation?
Sam
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Member Since October 2022 - Comments: 410
10:22 AM, 16th May 2024, About 2 years ago
You could contact Land Registry for the documentation lodged by the purchasers when the freehold title was conveyed.
You might need a solicitor specialising in leasehold /freehold conveyancing.
Member Since November 2022 - Comments: 120
12:10 PM, 16th May 2024, About 2 years ago
Someone has bought the freehold. Possibly as part of a portfolio of ground rents. It happens all the time. If you’ve not been notified of the new landlords details etc by them, then the ground rent and insurance rent probably aren’t due. Land Registry will have basic details of the new freeholders title, but that’s probably all you’ll get from them. Why does it matter, unless you want to exercise the right to enfranchise (buy the freehold) under the relevant legislation?
Member Since September 2022 - Comments: 193
9:31 AM, 17th May 2024, About 2 years ago
If the freeholder does come back to your uncle they can only back date the ground rent claim for 6 years.
So the most your Uncle would owe is £12.
Hardly worth the letter and stamp don’t you think ?
Member Since October 2022 - Comments: 410
8:13 PM, 17th May 2024, About 2 years ago
So ask if you can purchase the freehold when you know who the freeholder is